Plantx Life receives research report from Capital Y $$$$$$$$ 2022-07-27 13:02 ET - News Release
Mr. Lorne Rapkin reports
PLANTX RECEIVES BULLISH RESEARCH VALUATION FROM CAPITAL Y MANAGEMENT
Capital Y Management, a New York-based hedge fund, has issued an independent research report on Plantx Life Inc., referring to Plantx as a market leader with a disruptive business in an emerging industry with long-term tailwinds. Capital Y Management has established a 12-month price target of 67 cents per common share, which would represent an enterprise value for Plantx of approximately $68-million.
"The Plantx team is hard at work to make plant-based diets available to everyone, expanding our presence in this rapidly growing market," said Plantx chief executive officer Lorne Rapkin. "We are encouraged that this independent report has recognized that we are well positioned. While we are not commenting on the specific projections, we are focused on achieving success similar to Capital Y's outlook."
The full report, published in July, 2022, and financial model can be viewed and downloaded from the Plantx website under "investors."
About Plantx Life Inc.
As the digital face of the plant-based community, Plantx's platform is the one-stop shop for everything plant-based. With its fast-growing category verticals, the company offers customers across North America more than 5,000 plant-based products. In addition to offering meal and indoor plant deliveries, the company currently has plans under way to expand its product lines to include a juice and coffee company -- but the business is not limited to an e-commerce platform. The company uses its digital platform to build a community of like-minded consumers and, most importantly, to provide education. Its successful enterprise is being built and fortified on partnerships with the top nutritionists, chefs and brands. The company eliminates the barriers to entry for anyone interested in living a plant-based lifestyle and thriving in a longer, healthier and happier life.